Is 40215, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 40215 has remained a Seller's Market.
Key Takeaway
40215 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40215, KY
How much do homes in 40215, KY cost?
Median Sold Price
$131,600
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 40215 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 40215 was $131,600 in April 2024, up 3.8% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.2K | $74.5K | -22.6% |
| 2 Bedrooms | $106.2K | $117.5K | +10.6% |
| 3 Bedrooms | $146.7K | $153.5K | +4.6% |
| 4 Bedrooms | $155K | $161.5K | +4.2% |
| 5+ Bedrooms | $250K | $230K | -8.0% |
Summary: 40215 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 8%.
Housing Supply in 40215, KY
How many homes are available in 40215, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 93 | 83 | -10.8% |
Summary: The 40215 real estate market had 83 homes for sale in April 2024, a 10.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 44 | 40 | -9.1% |
| 3 Bedrooms | 39 | 33 | -15.4% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 40215 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 31 | -16.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40215, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 40215 in April 2024, down by 16.2% month-over-month. Of the 31 sold homes, 26% were sold under asking, 32% were sold at asking, and 42% were sold over asking.
Days on Market for 40215, KY
How long does it take to sell a home in 40215, KY?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 40215 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in 40215; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.